Electro Scientific Industries (ESIO) Receives News Sentiment Rating of 0.24

Media headlines about Electro Scientific Industries (NASDAQ:ESIO) have been trending somewhat positive on Tuesday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Electro Scientific Industries earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 47.9646769778817 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

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Electro Scientific Industries (ESIO) traded up $0.53 during midday trading on Tuesday, hitting $21.68. The stock had a trading volume of 848,127 shares, compared to its average volume of 1,372,832. The company has a market cap of $711.64, a PE ratio of 36.13, a price-to-earnings-growth ratio of 0.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.86 and a quick ratio of 2.04. Electro Scientific Industries has a 12-month low of $6.17 and a 12-month high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.16. The firm had revenue of $110.80 million for the quarter, compared to analysts’ expectations of $107.00 million. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The company’s revenue was up 227.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) EPS. analysts expect that Electro Scientific Industries will post 1.99 EPS for the current fiscal year.

Several research firms recently issued reports on ESIO. Zacks Investment Research cut Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. BidaskClub cut Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. ValuEngine raised Electro Scientific Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. TheStreet raised Electro Scientific Industries from a “c” rating to a “b-” rating in a research report on Friday, January 19th. Finally, Stifel Nicolaus began coverage on Electro Scientific Industries in a research report on Wednesday, March 14th. They issued a “buy” rating and a $36.00 price objective on the stock. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.00.

In other news, VP John Edward Williams sold 5,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $18.05, for a total transaction of $90,250.00. Following the transaction, the vice president now directly owns 59,800 shares of the company’s stock, valued at approximately $1,079,390. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.22% of the stock is owned by corporate insiders.

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Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.

Insider Buying and Selling by Quarter for Electro Scientific Industries (NASDAQ:ESIO)

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